Zacks Investment Research downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a buy rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “

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Shares of Consumer Portfolio Services (NASDAQ:CPSS) opened at $3.67 on Thursday. The company has a debt-to-equity ratio of 10.89, a quick ratio of 17.19 and a current ratio of 17.19. Consumer Portfolio Services has a 1 year low of $3.66 and a 1 year high of $5.69. The stock has a market cap of $79.92, a PE ratio of 5.24 and a beta of 1.80.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings results on Wednesday, February 14th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Consumer Portfolio Services had a net margin of 0.87% and a return on equity of 9.77%. The business had revenue of $107.23 million during the quarter, compared to analyst estimates of $110.31 million. equities research analysts anticipate that Consumer Portfolio Services will post 0.83 EPS for the current year.

In other news, major shareholder Second Curve Capital Llc sold 150,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Terry sold 90,000 shares of the stock in a transaction dated Saturday, February 17th. The stock was sold at an average price of $4.13, for a total transaction of $371,700.00. Following the sale, the insider now owns 6,349 shares of the company’s stock, valued at $26,221.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 256,900 shares of company stock valued at $1,076,484. 37.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of CPSS. Macquarie Group Ltd. purchased a new stake in shares of Consumer Portfolio Services during the third quarter worth about $114,000. Wells Fargo & Company MN boosted its holdings in shares of Consumer Portfolio Services by 433.8% during the fourth quarter. Wells Fargo & Company MN now owns 36,333 shares of the credit services provider’s stock worth $151,000 after purchasing an additional 29,526 shares during the period. Cornerstone Investment Partners LLC boosted its holdings in shares of Consumer Portfolio Services by 100.0% during the fourth quarter. Cornerstone Investment Partners LLC now owns 40,000 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 20,000 shares during the period. PEAK6 Investments L.P. boosted its holdings in shares of Consumer Portfolio Services by 28.6% during the fourth quarter. PEAK6 Investments L.P. now owns 56,183 shares of the credit services provider’s stock worth $233,000 after purchasing an additional 12,500 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Consumer Portfolio Services by 0.9% during the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares during the period. Institutional investors own 46.86% of the company’s stock.

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Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.